Bitcoin / Dollar intraday: the downside prevails as long as 49540 is resistance
Our pivot point stands at 49540.
Our preference:
The downside prevails as long as 49540 is resistance.
Alternative scenario:
The upside breakout of 49540, would call for 50970 and 51830.
Comment:
The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 48497 and 48755).
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